Fight, Fold or Settle?: Modeling the Reaction to FTC Merger Challenges - Couverture souple

Federal Trade Commission

 
9781523424221: Fight, Fold or Settle?: Modeling the Reaction to FTC Merger Challenges

Synopsis

This book models the reaction of firms to Federal Trade Commission (FTC) decisions to seek to block proposed horizontal mergers. Finns' responses to the FTC are shown to depend on a number of factors, including the structural merits of the FTC challenge, the efficiencies potentially arising from the transaction, and the cost to the firms of fighting the FTC in court. For a large number of the FTC's merger challenges, we find that firms have strong incentives to settle with the Commission, regardless of the cases' competitive merits. Therefore, in these matters the Commission appears to have powers more like a regulatory agency than a prosecutor.

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Autres éditions populaires du même titre

9781514220047: Fight, Fold or Settle?: Modeling the Reaction to FTC Merger Challenges

Edition présentée

ISBN 10 :  1514220040 ISBN 13 :  9781514220047
Editeur : CreateSpace Independent Publishi..., 2015
Couverture souple